Properly, Timely Pleaded Securities Claims Wrongly Dismissed, Investors Argue

Mealey's ( November 1, 2022, 4:48 PM EDT) -- DENVER — A federal district court erred in dismissing federal securities law claims brought by investors against the members of an oil, gas and mineral exploration joint venture as time-barred under the statute of limitations because not only did the investors sufficiently plead the necessary elements of the claims, they also showed they were not put on inquiry notice of the alleged fraud until August 2020, the investors say in an appellant brief filed in the 10th Circuit U.S. Court of Appeals....